Constitutional amendment to reduce the income tax rate in North Carolina to a maximum allowable rate of seven percent (7%).

The Income Tax Constitution Amendment, if passed, would reduce the cap on income tax from 10% to 7% beginning on tax year January 1, 2019 and thereafter.

The argument for this amendment is obvious: absent another change to the Constitution, North Carolina state income taxes will never exceed 7%.

The arguments against this amendment is there might be a scenario in which the state needs to raise taxes or face a shortfall. The other alternative in the event of an emergency would be to increase the sales tax, which is a regressive tax. Also, there is no pressing reason to put this limitation in the Constitution.